Rise in Comcast’s stock price
On March 28, 2017, Comcast’s (CMCSA) stock closed at $37.09. The company’s stock has risen 7.4% YTD (year-to-date). Media company Time Warner (TWX) also saw its stock price rise 0.8%. 21st Century Fox (FOXA) and the Walt Disney Company (DIS) have seen their stock prices rise 15.6% and 8.5%, respectively, YTD.
Factors driving Comcast stock
Comcast’s (CMCSA) recent 4Q16 earnings exceeded consensus Wall Street estimates. The company declared adjusted EPS (earnings per share) of $0.89, up 9.9% year-over-year compared with analysts’ estimate of $0.87. The company had total revenue of $80.4 billion for fiscal 2016, up 7.9% year-over-year (or YoY), and an operating income of $16.8 billion.
Comcast’s Triple Play business is doing exceedingly well. Comcast’s Cable Communications business had revenue of $12.8 billion in fiscal 4Q16, which is 7.1% higher YoY. Its revenue growth was primarily driven by its High-Speed Internet, Video, and Business Services segments.
In this series, we’ll take a closer look at Comcast Cable’s business priorities for 2017. First, let’s see how analysts are rating Comcast.
Comcast makes up 0.82% of the SPDR S&P 500 ETF (SPY). SPY invests 3.4% of its holdings in the computer sector.